Coin Edition -
- PEPE’s price has seen remarkable gains after BTC’s price breached the $31K level.
- Santiment shared that post-BTC’s success, PEPE’s supply started decreasing.
- At press time, PEPE was worth $0.0000009355 after its price climbed over 26% in 24 hours.
After Bitcoin (BTC) exceeded the $34K threshold, certain meme coins started experiencing some remarkable movements, and Pepe (PEPE) was no exception. It now seems like PEPE is picking up some positive momentum again after there were significant disagreements within the PEPE development community over the past few weeks.
Certain prominent developers sold tokens from their multi-sig wallets without permission, resulting in a sudden decrease in PEPE’s value. However, the current Pepe leadership has assured the community that they have removed the individuals responsible for these actions and they intend to shift their attention purely towards developing PEPE going forward.
A recent X post shared by the market intelligence platform, Santiment, also reassured PEPE traders. According to the post shared yesterday, PEPE’s supply on exchanges has been rapidly falling after BTC’s breakout, which could suggest that PEPE holders are not planning to dump their tokens any time soon.